Ur-Energy Inc. (URG) Sees Significant Decline in Short Interest

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) was the target of a large decline in short interest in September. As of September 14th, there was short interest totalling 2,490,535 shares, a decline of 24.8% from the August 31st total of 3,311,717 shares. Based on an average daily trading volume, of 1,010,022 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.8% of the shares of the stock are sold short.

Shares of URG stock opened at $0.81 on Friday. Ur-Energy has a one year low of $0.50 and a one year high of $0.93.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings data on Friday, July 27th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Ur-Energy had a negative return on equity of 27.83% and a negative net margin of 25.68%. The firm had revenue of $3.81 million during the quarter, compared to the consensus estimate of $6.16 million.

Several analysts recently commented on the company. Zacks Investment Research lowered Ur-Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 18th. TheStreet lowered Ur-Energy from a “c” rating to a “d+” rating in a research note on Tuesday, July 31st. Finally, HC Wainwright set a $2.00 price target on Ur-Energy and gave the company a “buy” rating in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ur-Energy currently has a consensus rating of “Buy” and an average price target of $1.58.

An institutional investor recently raised its position in Ur-Energy stock. Citadel Advisors LLC raised its holdings in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 266.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 214,651 shares of the basic materials company’s stock after purchasing an additional 156,134 shares during the quarter. Citadel Advisors LLC owned approximately 0.15% of Ur-Energy worth $129,000 as of its most recent SEC filing.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its principal property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.

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